Car manufacturers to be penalized on sales to non-filers

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KARACHI: Federal Board of Revenue (FBR) will penalize car manufacturers in case they allow purchase to non-filers of income tax returns. ©

An amendment has been introduced to Income Tax Ordinance, 2001 under which a penalty of five percent of the value of the motor vehicles in case any manufacturer of a motor vehicle accepts or processes any application for booking or purchase of a locally manufactured motor vehicles in violating the tax laws. ©

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